Timely loss prevention is really crucial

Currently, the price of Bitcoin is 96300, luckily I set a stop loss at 953; otherwise, I would have been liquidated.

Here's what happened

During the day, I opened a short position at 935. When it pulled back to the downward channel at 930, I didn't exit with the 500 points of space. Throughout the day, I basically had two opportunities to sell my short position and enter a long position but didn't seize them. So, I added to my position at 948, maintaining an average price of 942. Once the resistance level of 950 was breached, I directly took a loss, returning half of my profit $BTC